NetSol Technologies

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NetSol Technologies ( NTWK) designs, develops, markets and exports software products to customers in the automobile finance and leasing, banking, health care and financial services industries worldwide. This stock is trading up 5.9% at $5.72 in recent trading.

Today's Range: $5.40-$5.78

52-Week Range: $3.50-$9.50

Volume: 129,000

Three-Month Average Volume: 76,211

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From a technical perspective, NTWK is bouncing strong here right off some near-term support at $5.40 with above-average volume. This move is quickly pushing NTWK within range of triggering a major breakout trade. That trade will hit once NTWK takes out some overhead resistance levels at $6.20 to $6.30 with high volume.

Traders should now look for long-biased trades in NTWK as long as it's trending above $5.36 and then once it sustains a move or close above those breakout levels with volume that's near or above 76,211 shares. If that breakout triggers soon, then NTWK will have a great chance of trending north of $7 a share. The next major overhead resistance sits at $9.50, but that's a stretch in a short-term timeframe from current levels.

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